Location: Marietta, GA

Loan Amount: $14,050,000

Term/Amortization: 7/25

Loan to Cost: 80%

Loan Type: Construction

Recourse

Overview:
Arriba Capital successfully closed a $14.05mm construction to perm loan for an Assisted living and memory care facility in Marietta GA. The loan was sized to 80% LTC and priced in the low 3's.

The sponsorship is an experienced senior housing operator with locations throughout the Southeast.